The equation for this is:
F = P(1+i)ⁿ
where
F is the present accounts balance
P is the initial deposit
i is the interest rate
n is the number of months
The interest rate is nominal which is 2.9% per year compounded monthly. Since there are 12 months in a year, that is equal to an effective interest rate of 0.24167% per month compounded monthly (i = 0.0024167). In 9 years, there are a total of 108 months, so n=108.
<span>$2033.88 = P(1+0.0024167)</span>¹⁰⁸
P = $1567.147
Answer:
26
Step-by-step explanation:
Plug in 15 for y in the first problem so instead of y=x-11 it would be 15=x-11
15=x-11
+11= +11 (you want to add 11 to both sides to get x by its self)
26=x
I have an answer its 50 Hope This Helps!!! :)
Answer:
i think a.... sorry if im wrong
Step-by-step explanation:
Answer:
c = 2
c = -1
Step-by-step explanation: